Boston Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 171,301 shares of the energy exploration company’s stock after selling 10,958 shares during the period. Boston Advisors LLC’s holdings in EOG Resources were worth $15,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. BlackRock Inc. increased its position in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares during the period. Jennison Associates LLC increased its position in EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares during the period. Janus Capital Management LLC increased its position in EOG Resources by 218.4% in the first quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after buying an additional 807,243 shares during the period. Point72 Asset Management L.P. increased its position in EOG Resources by 124.6% in the first quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock worth $130,086,000 after buying an additional 739,890 shares during the period. Finally, Morgan Stanley increased its position in EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock worth $387,872,000 after buying an additional 614,945 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

EOG Resources, Inc. (EOG) traded down 0.66% during midday trading on Friday, reaching $88.53. 2,874,157 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $91.31 and a 200-day moving average of $94.17. The stock’s market cap is $51.12 billion. EOG Resources, Inc. has a 12 month low of $85.88 and a 12 month high of $109.37.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the firm posted ($0.38) EPS. The business’s quarterly revenue was up 47.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post $0.59 earnings per share for the current year.

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A number of research analysts recently weighed in on EOG shares. Raymond James Financial, Inc. raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, May 10th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, May 10th. Barclays PLC raised their target price on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Finally, William Blair reissued an “outperform” rating and issued a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $108.23.

EOG Resources Company Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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